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they don't have a place to put their money. they look at their own economy where as place where it's unstable. the housing market is unstable there. >> reporter: this housing complex in irvine california is being built for chinese buyers. no unlucky 4s in the building and multientrances for different generations. back in china they say it's not a threat to america. >> american is known for quality so china looks at foreign made products in general as things they can truck. >> reporter: after all that eagle is on the bottle because what so many chinese want is something made in the u.s. ben tracy, cbs news, napa valley. >>> the big question for kids this week, what did you get from santa? >> we went door door in pacifica to find out. kids ranged from air hockey to perfume. it was clear a lot of young people were thrilled to receive their presents. >> i got a red sled and skim board and skateboard i got some santa claus outfit, that's the hat. >> and what would christmas be like without a few miscues? one parent fell down a couple of stairs with a surfboard, and it looked like it was
was happening. >> something similar to gunshots. we don't know if it was gunshots but it sounded like shots. >> reporter: police now say they have ruled out any gunfire. they believe the sounds of large signs falling over may have led people to report shots fired. >> you start thinking the worst thing acan possibly happen like i just imagine someone with a gun or someone coming into the store and threatening us. >> we hid behind the counter at macy's and then i was finally like we need to get out of here. i'm not about to get shot. >> i called my mom to talk to her in case. >> reporter: even after it was all over and the mall reopened it was hard for many to catch their breath. >> you never know what can happen at any time. >> mall security says four people involved in the fight were arrested. >>> surveillance cameras captured how powerful the christmas day tornado in mobile, alabama was. this was the scene outside a local walgreens. you can see sparks flying from power lines an transformers as that twister moves through and then cars are literally tossed around like they're nothing. people
. then through the day things will settle down. still could see some of these wander on shore. don't be surprised if you could see sprinkles. and then start to dry things out. more sun by the afternoon. the temperatures are going to stay cool if you plan to do shopping, but there's another storm on the horizon. more about that in a few minutes. back to you. >>> thank you lauren. >>> and out toward highway 1. once again shut down this morning due to yesterday's flooding. both directions in that area, snow ma county. also in snow ma county, they should be reopeningopening the road any minute. highway 21 for the meantime shut down between 116 and highway 37. flooding is the main concern. you can see raindrops on the camera lens across the golden gate bridge. traffic is super light. christmas eve. not expecting a regular morning. >>> pretty good out toward san jose, leaving lapedis. and the rest of the bay, still all moving at the limit out toward the east bay. if catching a flight over oakland airport, this is the scene by the stretch. in delays toward oakland. a couple of mass transit notice, bart
. >> there's a lot of give and take going on right now but republicans don't want to see new revenues -- in other words, democrat tax increases -- be used for new spending. >> reporter: the president said if there is no deal by the end of the day, the senate should draw up legislation to extend the bush-era tax cuts for the middle class. >> there should be an up-or- down vote. everybody should have a right to vote on that. if republicans doesn't like it they can vote no but i think there is a majority support to make sure that middle class families are held harmless. >> reporter: the senate will be back in session in just a few hours. and even if the senate is able to pass legislation today, it still has to get through the republican-controlled house. live on capitol hill, danielle nottingham, cbs 5. >> danielle, what happens if rego over the deadline. are we going to feel the effects next week or will it take time? >> reporter: it will probably take a few weeks. but what will happen immediately is tax increases for nearly all americans. we'll see millions lose some unemployment benef
of promising younger scientists. >> turning them down because i have to say to them, in all honesty, i don't know whether i can take you on on that four to five year commitment. >> reporter: the nih hopes to restore the lost 10% if the agency's funding restored but this is one danger from the fiscal cliff that isn't waiting for new year's day. the reduction in medical experiments and the hold on laboratory jobs is happening now. wyatt andrews, cbs news, washington. >>> 5:04 now. some of them don't even know it yet but dozens of former california prison inmates got pardons for christmas. governor brown issued the pardons to 79 convicted felons who have done their full-time and have been -- time and have been crime free now for more than a decade. they include ken benedict who got involved with a bad crowd. >> christmas eve to find this out. what a gift. to finally have some closure to you know a long story that i did something dumb when i was younger. >> he joined an inmate fire crew in prison and he saved a boy's life back in 1993 in a malibu fire and was paroled after two years and now he
and they want everyone to come together. >> reporter: if lawmakers don't reach a deal by january 1, many economists are concerned it could eventually lead to another recession. i'm ed payne reporting. >>> president obama appears to have more backing from the public in budget negotiations. a gallup tracking poll released wednesday gives mr. obama 54% support compared to 26% for house speaker john boehner. >>> 5:02. a looming dock worker strike threatens to hurt the economy, as well. longshoremen are locked in negotiations with shipping companies over royalties paid to workers for each ton of cargo they move. a shutdown would impact 15 ports along the east coast and the gulf and officials estimate it will cost $1 billion a day. >>> 5:03. let's check traffic and weather. we had a break yesterday but i guess rain is coming back. >> it's all gone. >> hello. >> it didn't last very long. we got rain heading towards the bay area and you can see that low. it's right there. so it hasn't quite hit the bay area yet. but by later on this afternoon, that's when we're going to see light showers and it'
Search Results 0 to 5 of about 6